Farmers Markets #16: Vote your maBEETS
If you aren't familiar with the veTOKEN model please check out my explainer post on Bulb https://www.bulbapp.io/p/270273dd-697b-4332-85ac-db65e50bb46d/vetokens-defi-lore-innovation-yield-from-voting?s_id=bccb5ecb-0380-433a-9e2e-f1405a0305e2
If you want to know more about the analysis here see my post on Bulb about analysing for veTOKEN votes
https://www.bulbapp.io/p/d82b629d-6790-4bfe-b185-c1156997baf4/farmers-markets-0-beets-aero-velo-equal-gauges?s_id=d3ffcb86-d4db-4c5f-acc5-0546d4c1744c
To note about voting rewards on Beethoven X
Beethoven X does voting rewards a little differently to most guage vote platforms. As well as having individual token rewards they'll often reward in LP tokens. For example the rewards for Staked Fantom & Circle Symphony (below)
Voting maBEETS - round 68
Beethoven X Snapshot https://snapshot.org/#/beets.eth
Beethoven X Fantom pools https://beets.fi/pools
Beethoven X Hidden Hand https://hiddenhand.finance/beethovenx
Beetswars https://www.beetswars.live/
Fantom Block Explorer https://ftmscan.com/
Beethoven X Blog (Medium) https://beethovenxio.medium.com/
Beethoven X Discord https://beets.fi/discord
Beethoven X Discord: Updates > guage-vote
Ludwigs, Round 68 of the Beethoven X Gauge vote on Fantom is OPEN. https://snapshot.org/#/beets.eth/proposal/0x41ac0ecccbfa31c0bcdc152b3716670f7b0e033dfdf18978728ba179c656b2b5
This vote is to decide 50% of BEETS farm emissions for the period of 7 August 2024 to 20 August 2024
The pools that have contributed more than 1% of the last two weeks fees (or eligible new pools) will have protocol bounties placed on them in relation to the fees they have generated. The qualifying pools in order are:
• Fantom Menace
• Staked Fantom & Circle Symphony
• CARTEL SYMPHONY on FTM
• Dropping the fBOMB!
• The Explosive mFTM
• Duet of Staked Fanties
• Trio of the Stables
• +EQ : Bass Boosted
• FMoney with Attitude Vol. 2
The participating pools with limited emissions this round are:
• Explosive Reliquary (Emissions capped at 1% votes)
• Fantie's in yo Pantie's X-Rated (Emissions capped at 1% votes)
• Deus ma non troppo (Emissions capped at 1% votes)
And a big welcome to the new pool entering the gauge vote, make sure to check it out:
• HOOPS Harmonics https://beets.fi/pool/0xd3dc477821bb37a54d96573821ed8408a980b118000200000000000000000867
The bounties will be placed on Hidden Hand: https://hiddenhand.finance/beethovenx
BPT rewards
Where we voted last time
Memedex Comp: Season 1 - SGOAT rewards https://beets.fi/pool/0x80a02eb6c4197e571129657044b0cc41d6517b5a00010000000000000000084b
Dogs In The Yard - FDOG rewards
https://beets.fi/pool/0x3e0ce0a66660214f00e3044bd2919caf585d8fde00020000000000000000084e
Current Voting ROI: $17.4611
How we did
Not bad everything considered. Given we've seen a drop across the board for Fantom memecoins this is a pretty good result.
Where we're voting this round
Bribe markets
So there's how things sit currently. Fantom's Ghostly Sonata bribes on just dropped hence the high ROI.
https://hiddenhand.finance/beethovenx
Voting power
We've looking at the raw return per 10K votes. Roughly we currently have nearly 63K votes.
So I'm voting for sGOAT and HOOPS Harmonics
But why am I so stupid?
Well.... see I know they're most likely going to get bribed late.
Current vote distributions
How I voted
Current Voting ROI: $???
Well just have to see how it all pans out....
Voting UPDATE
It sort of didn't pan out.
sGOAT ended up bribing but HOOPS didn't.
So at the death I switched my vote, but to the highest earner: good old fDOG.
ROI: $16.38
The latest from Beethoven X
Check out the most recent updates from Beethoven X.
Make sure to give their blog posts a clap and comment on Medium as well as a like, comment and share on X!
Over to you
Are you a regular voter on Beethoven X?
What level Relic/s do you have?
Who are you voting for this time around?
Let me know in the comments.
